
HSBC reported a 7.4% year‑on‑year drop in 2025 profit before tax to US$29.907 billion, landing near the top of its forecast range. Basic earnings per share were US$1.21 and the bank declared a fourth interim dividend of US$0.45, bringing the total 2025 payout to US$0.75, slightly above analyst expectations. For 2026, HSBC plans to rebuild its Common Equity Tier 1 ratio before resuming share buy‑backs and targets a RoTE of 17% or higher through 2028. Revenue growth is projected to accelerate, reaching a 5% year‑on‑year increase by 2028 on a constant‑currency basis.

The episode outlines the upcoming market closures across Asia for the Lunar New Year and the U.S. President’s Day, detailing each country's holiday schedule and the impact on trading calendars. It highlights a surge in U.S. customs bond insufficiencies, reaching...

The episode reviews China’s latest loan data released after market close, noting new yuan loans of CNY 4.71 trillion in January—significantly below the CNY 4.8 trillion forecast and far under expectations of around CNY 5 trillion. While total social financing surged to CNY...

The episode outlines the upcoming Lunar New Year market closures across major Asian economies and the U.S. President’s Day holiday, forecasting lighter trading volumes. It highlights the imminent release of the Fed’s Miran speech and the China House Price Index,...

The episode surveys the volatile Asian macro landscape, highlighting Trump‑triggered tariff threats to South Korea, shifting US immigration policy, and Xi’s military purge, while noting strong performances in emerging‑market currencies like the ringgit and Singapore dollar. It reviews the earnings...